Kimbeth Manufacturing uses a process cost system to The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs. industry. The following information pertains to operations for the month of May Costs pertaining to the month of May are as follows. Beginning work-in-process inventory, May 1 Started in production during May Completed production during May Unii 16,000 100,000 92,000 .Beginning inventory costs are materials, $54,560; direct labor, $20,320; and overhead, $15,240 Costs incurred during May are materials used, S468,000; direct labor, $182,880; and overhead, $391,160 g work-in-process inventory, May 31 24,000 Using the first-in, first-out (FIFO) method, Kimbeth's equivalent units of production (EUP) for materials are